Cost of Living in Goodsprings, NV

With a cost of living index of 82, Goodsprings, NV is a very affordable place to live. Living here is 18% cheaper than the national average and 27% below the Nevada state average of 109. Goodsprings is a small community of 216 residents.

The median household income in Goodsprings is $23,918, which is 68% lower than the national median of $75,149. Residents spend roughly 38% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Goodsprings. The area sees an average annual temperature of 70.1°F, with summers averaging 91°F and winters around 50°F. Annual rainfall totals 4.2 inches spread over roughly 26 days. Hot summers are common, which can affect utility costs and lifestyle.

Everyday prices in the Las Vegas-Henderson-North Las Vegas, NV (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.